Algonquin Power & Utilities Corp (NYSE:AQN) price is hovering lower on Tuesday, April 16, dropping -1.89% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $5.82. The company’s P/E ratio in the trailing 12-month period read 295.85. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.14 and 52-week low of $4.90. The stock subtracted -5.46% on its value in the past month.
Algonquin Power & Utilities Corp, which has a market valuation of $4.07 billion. The company stock has a Forward Dividend ratio of 0.43, while the dividend yield is 7.60%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AQN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 68.80. The overview shows that AQN’s price is at present -6.62% off the SMA20 and -5.05% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.83, with weekly volatility standing at 3.56%. The indicator jumps to 2.87% when calculated based on the past 30 days. Algonquin Power & Utilities Corp (NYSE:AQN)’s beta value is holding at 0.70, while the average true range (ATR) indicator is currently reading 0.18.
An analysis of the Algonquin Power & Utilities Corp (NYSE:AQN) stock in terms of its daily trading volume indicates that the 3-month average is 4.92 million.
Current records show that the company has 689.27M in outstanding shares. The insiders’ percentage holdings are 3.32% of outstanding shares while the percentage share held by institutions stands at 60.54%. But the -9.65% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
